Borrowing

Hodling is the favorite sport of long-term crypto investors. However, keeping your assets in a crypto wallet for years can have negative consequences. Firstly, unless their value increases, you do not accrue any profits. Secondly, it limits market liquidity and, therefore, hinders its growth. Fortunately, you can help solve both problems with collateralized loans. This short guide to crypto lending discusses how collateralized loans work in decentralized finance. Read on to discover how to use this DeFi tool in your…

The crypto space has grown tremendously, but more progress has yet to be made regarding lending and borrowing digital assets. However, many companies are taking a step in this direction, and Aave is a perfect example.  Aave is an open-source DeFi protocol that allows users to borrow and lend digital assets. The platform has traditional loan features and several unique features that make it stand out.  This article will review the platform, understand its features, and how it works.  What…

Even with all the crypto world advancements, there haven’t been many significant crypto credit facilities. However, suppose we will advocate for the mass adoption of credit facilities. In that case, we need to ensure that we have services similar to the traditional financial system, but only with some advantages.  Fortunately, Nexo, a leading FinTech group, has taken it upon itself to provide the world’s first instant crypto-backed loans. Thanks to this platform, anyone with some crypto assets benefits from it without…